Alibaba Group Holding Limited (NYSE:BABA) Stake Lowered by IPG Investment Advisors LLC

IPG Investment Advisors LLC trimmed its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 38.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,351 shares of the specialty retailer’s stock after selling 6,462 shares during the period. IPG Investment Advisors LLC’s holdings in Alibaba Group were worth $878,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of BABA. Appaloosa LP boosted its holdings in Alibaba Group by 18.4% in the fourth quarter. Appaloosa LP now owns 11,843,158 shares of the specialty retailer’s stock worth $1,004,181,000 after purchasing an additional 1,843,158 shares in the last quarter. Hhlr Advisors LTD. lifted its position in shares of Alibaba Group by 64.1% in the third quarter. Hhlr Advisors LTD. now owns 8,827,600 shares of the specialty retailer’s stock worth $936,785,000 after buying an additional 3,448,152 shares during the last quarter. Norges Bank acquired a new position in shares of Alibaba Group during the 4th quarter valued at about $585,479,000. Fisher Asset Management LLC raised its stake in shares of Alibaba Group by 1.6% in the 4th quarter. Fisher Asset Management LLC now owns 5,093,828 shares of the specialty retailer’s stock valued at $431,906,000 after acquiring an additional 78,757 shares in the last quarter. Finally, FMR LLC lifted its holdings in Alibaba Group by 454.2% in the 3rd quarter. FMR LLC now owns 3,611,571 shares of the specialty retailer’s stock worth $383,260,000 after purchasing an additional 2,959,954 shares during the last quarter. Institutional investors and hedge funds own 13.47% of the company’s stock.

Alibaba Group Price Performance

Shares of NYSE BABA opened at $132.49 on Friday. The company has a fifty day moving average price of $121.60 and a 200 day moving average price of $102.58. Alibaba Group Holding Limited has a 1-year low of $68.36 and a 1-year high of $148.43. The firm has a market cap of $314.80 billion, a PE ratio of 19.15, a PEG ratio of 0.61 and a beta of 0.28. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.19.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings data on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.84 by ($0.07). The firm had revenue of $38.38 billion for the quarter, compared to the consensus estimate of $38.19 billion. Alibaba Group had a return on equity of 12.89% and a net margin of 12.29%. Research analysts predict that Alibaba Group Holding Limited will post 7.86 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on BABA. Citigroup upped their price objective on shares of Alibaba Group from $133.00 to $138.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Benchmark raised their price target on Alibaba Group from $118.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Barclays boosted their target price on shares of Alibaba Group from $130.00 to $180.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Robert W. Baird increased their price target on shares of Alibaba Group from $110.00 to $125.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. Finally, Mizuho upped their target price on shares of Alibaba Group from $140.00 to $170.00 and gave the stock an “outperform” rating in a research report on Friday. One research analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Alibaba Group has an average rating of “Buy” and an average target price of $148.14.

Alibaba Group Company Profile

Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally. The company operates through seven segments: China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others.